Our cloud app of the quarter: GoCardless

A leading platform in the cloud accounting world, GoCardless is now more popular with business owners than ever before. GoCardless is centred around making business owners’ lives easier by collecting both recurring and one-off payments directly from customers’ bank accounts.

With numerous PM+M clients already using GoCardless to support their cloud accounting software, feedback has been incredibly positive with clients noting that the platform has kept their cash flow moving steadily which has in turn allowed them to predict, forecast and make better business decisions.

As our app of the quarter, we have outlined a few great benefits to using GoCardless below…

Improve cash flow

GoCardless provides business owners with an extra pair of hands with regards to credit control and reduces the need for you to manually chase payments. With GoCardless, customers can complete a simple online payment form to authorise you to collect payments automatically on due dates.

Reduce costs

Whether your payment collection process requires you to chase customers yourself, or an inefficient system means you have to manually transfer data, the process may be costing you money without even realising. By automating the payment collection process with GoCardless, business owners can reduce any unnecessary costs and work smarter.

Reduce failed payments

Rectifying and addressing failed payments can add significant time pressures and administrative burdens to business owners or employees who need to focus on other things. GoCardless allows you to collect up to 97.5% of payments successfully first time, and their Success+ tool can retry any that fail.

Keep track of payments

With an easy to follow and real-time dashboard, GoCardless users can stay on top of payments coming into the business and set up instant payment alerts to flag any that do fail, so you can retry the payment straight away or reach out to your customer.

Integration with Xero

In April, Xero released their integration with GoCardless to provide business owners with the opportunity to set up direct debits with customers to automatically collect payments for Xero invoices. This great tool can be used to either set up one-off or recurring payments, allowing complete flexibility for Xero users depending on their business needs and providing more reassurance that you will be paid on time.

Existing Xero users can read more information about Xero’s integration with GoCardless here and find out how to get started with setting up direct debits here.

Get in touch

If you’re thinking of getting started with GoCardless, speak to a member of our cloud team today at cloudaccouting@pmm.co.uk. We’d be delighted to help you and as a GoCardless partner, we have access to lots of resources and insights to support you and assist you in making the most of your software.

 

 

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